If you want to find out exactly what it is and what it means for you and all you bitcoin and crypto holders, stay tuned, what's up guys, randall here giant news for bitcoin paypal to start offering crypto payments in 2021 before we get into that guys, like The video it helps out so much subscribe, click the notification bell, so you can know when i post all my new videos and join us over on patreon, where we're giving another away another 500 of bitcoin this saturday, you don't want to miss that so come join. Us patreon.com crypto love now this article published one hour ago, paypal to offer crypto payments, starting in 2021 paypal announced on wednesday's entry into the cryptocurrency market. According to multiple reports, paypal customers will be able to use cryptocurrencies to shop at any merchant in its large network. Starting from early 2021, yes less than a year and paypal will be offering crypto, the payments will be settled through fiat currencies similar to many existing crypto merchant solutions like bitpay. This means the merchants will be receiving fiat, as paypal will take care of the conversion. The coins, initially supported, will include bitcoin ethereum, be cash and litecoin. The company said the payments giants, partnered with paxos delivered a service, and it obtained conditional cryptocurrency license from the new york state department of financial services commonly known as bit license in addition to cryptocurrency payments. Paypal users will be able to purchase crypto directly through the app that's right.
You can purchase crypto directly through paypal now. What does this mean? Hang on paypal will thus feature cryptocurrency, while letting users buy, sell and hold crypto via the paypal apps now here's, where it gets big. So remember how i just said: paypal users will be able to purchase crypto directly through the app well. How many people is that paypal is one of the largest global payment providers, met 346 million active accounts and 220 222 billion dollars in volume processed in 2020 that's right, 346 million active accounts can now buy bitcoin and other cryptocurrencies. Looking for an on ramp that's an on ramp that's huge now, what does that mean for bitcoin? goed, today, bitcoin prices surged on this news to right now, we're at about twelve thousand three hundred twelve thousand four hundred dollars and if we take a look there's this crazy head and shoulders formation that happened from the beginning of 2020 until about september. So we have a left shoulder here head here, shoulder here and generally with head and shoulders. If we measure the height of the head, then that could be where we're looking to go from the shoulder, and if we take a look at that. That goes all the way up to this line. Right here, which was former resistance right at around seventeen thousand. Two hundred dollars back in january of 2018 looks like that's, where the price could potentially be heading, because if we take a look at the volume profile right here, once we get past where we are right now, there's like no resistance, we're, basically past any resistance at All and then it's, just a big slippery slope right up to seventeen thousand dollars now, that's, not only it because bitcoin right now is an absolutely awesome asset compared with pretty much any other asset class out there.
The risk adjusted returns versus other assets, that's the sharp ratio for bitcoin and ethereum way up here at two here we have stocks and gold, one and a half. Here we have u.s real estate .45, so that tells us that the risk versus the return. So you have a much higher chance of getting good returns versus minimal risk on bitcoin and ethereum versus these other assets versus real estate. That'S, like one of the least risky assets out there, but the returns aren't there bitcoin risk adjusted returns versus assets way up there plus we have giant corporations jumping into bitcoin. I mean it's, no brand new news to anybody, but microsystem bought 250 million dollars of bitcoin. They bought one of every thousand bitcoin out there, not only that but grayscale owning 3.4 of all bitcoin by january 1, in 30, bitcoin owned by grayscale, so they have their gbtc, also jack dorsey, adding bitcoin to the twitter balance sheet or square up balance sheet and Cameron, wink of all saying, bitcoin is on his way to becoming a corporate treasury asset soon, other companies will follow, and eventually central banks and he's talking previously about 17 trillion dollars are currently held in negative interest. Bonds. 17 trillion reasons why you should own bitcoin everybody's starting to see bitcoin is the way. Does that mean you should follow into it now? Why not? You fell into everything else, but bitcoin is leading the charge. This is we all know.
This is the beginning of a bull run, everybody's recognizing the value of bitcoin and the crazy inflation that's going to go on with fiat currencies coming up, everybody's going to be going to cryptocurrencies to hedge against that and now 346 million people can do that super easily. Thanks to paypal so that's the big news for today paypal offer on crypto payments, starting in 2021 early 2021. It says so coming up soon, so it's gon na be a wild ride. This is just the beginning: can't wait for the rest of it thanks! So much guys make sure to like the video subscribe click the notification bell, so you can find out when the upcoming videos are coming and, like i said if you would like to earn some bitcoin to win some bitcoin we're, giving away another 500 of bitcoin over On patreon coming up this saturday, so you have three days to go ahead and sign up at patreon.com. You can see proof here of previous winners. Look at all these winners. You could be winners just like them. That'S right! Look at all these winners and you could be one of them too, so come join us on patreon. I will catch you guys later.